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Apple announced Steve Job resigns as CEO of the company

August 25th, 2011 by Joseph Ruthaford

It has been issued in a press release from Apple that Steve Jobs is resigning from Apple. It has been announced that Tim Cook will now take over as CEO of the company. Who was the CEO of Apple before Steve Jobs came back. Jobs however has been elected as chairman of the board effective immediately.

“Steve’s extraordinary vision and leadership saved Apple and guided it to its position as the world’s most innovative and valuable technology company,” said Art Levinson, Chairman of Genentech, on behalf of Apple’s Board. “Steve has made countless contributions to Apple’s success, and he has attracted and inspired Apple’s immensely creative employees and world class executive team. In his new role as Chairman of the Board, Steve will continue to serve Apple with his unique insights, creativity and inspiration.”

“The Board has complete confidence that Tim is the right person to be our next CEO,” added Levinson. “Tim’s 13 years of service to Apple have been marked by outstanding performance, and he has demonstrated remarkable talent and sound judgment in everything he does.”

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